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Confident businesses step up spending

14th Nov 2006, 14:09 GMT

Spending by consumers carries 70 percent of the economy, but with debt piling up and housing sales falling, the burden of growth is shifting to business. It may not be enough to replace all those unspent dollars, to pull the economy away from a recession until consumer wallets are wide open again. But many businesses are pumping money into expansion, equipment and personnel. So let the chips fall where they may.

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